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Most Recent Posts

The Tax Hazards Of Whole Life Insurance Policies

The Tax Hazards Of Whole Life Insurance Policies

A feature of the game of Monopoly is landing on a space where you get to draw a Community Chest Card.  One of them has an image of Mr. Monopoly (formerly Rich Uncle Pennybags) who has a long beard and a cane and is bent with age.  The card reads Life Insurance Matures Collect $100. It is sort of like he landed on the Community Chest square in the ghetto between Mediterranean and Baltic and rolled snake eyes on the next turn, which you and I both know puts you on Income Tax. Like many others he was taxed on capitalized interest in addition to the excess of his money out over his money in.

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Christmas As A Tax Story

Christmas As A Tax Story

Assist with your spirit of counsel and fortitude the President and other government leaders of these United States. May they always seek  the ways of righteousness, justice and mercy.

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Revisiting Romney’s 2012 Tax Scandals: From Carried Interest to a Dancing Horse, in Light of His Tax-the-Rich Plea

Revisiting Romney’s 2012 Tax Scandals: From Carried Interest to a Dancing Horse, in Light of His Tax-the-Rich Plea

Well, now there is a spreadsheet with 40 interesting numbers on it which PWC has boiled down to a few percentages. You have 20 years of adjusted gross income and twenty years of total tax. Why not release those two series ? Is it because the twenty years worth of adjusted gross income would be difficult to reconcile with a net worth of $250,000,000 ?

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Your Tax Matters Partner – A New Day Has Dawned

Your Tax Matters Partner – A New Day Has Dawned

I am writing to people who may have had some interest in my writing over the years. I wanted to let you know that I will no longer be posting to Forbes.com.  I’ll tell you all about that but only in person and over a beer or maybe a cup of coffee, since I can’t handle that much beer anymore.

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